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Dow Jones futures slip after Wall Street posts gains, US Supreme Court tariff case eyed

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The post Dow Jones futures slip after Wall Street posts gains, US Supreme Court tariff case eyed appeared com. Dow Jones futures fall 0. 11% to trade below 47, 400 during European hours ahead of the opening of the United States (US) regular session on Thursday. Moreover, the S&P 500 futures and Nasdaq 100 declined by 0. 14% and 0. 24%, with trading around 6, 820 and 25, 700, respectively. US index futures struggle as traders adopt caution amid weakening odds of a Federal Reserve (Fed) rate cut in December. Fed funds futures traders are now pricing in a 62% chance of a cut in December, down from 68% a day ago, according to the CME FedWatch Tool. Additionally, the ongoing government shutdown is now the longest in US history; it continues to delay the release of key public data and increases risk aversion. The Wall Street posted moderate gains on Wednesday’s regular US session as traders returned to buy the dip. The Dow Jones advanced 0. 48%, the S&P 500 rose 0. 37% and the Nasdaq 100 gained 0. 65%. US stocks received support as market sentiment improved following stronger-than-expected private payroll data. ADP Employment Change climbed by 42, 000 in October, compared to the 29, 000 decrease (revised from -32, 000) seen in September. AI-related stocks rebounded after earlier pressure from valuation concerns. Semiconductor giant Advanced Micro Devices (AMD) reported stronger-than-expected third-quarter earnings, closing up about 2. 5%, while Micron Technology and Broadcom advanced 8. 9% and 2%, respectively. Market sentiment also improved amid expectations that the US Supreme Court may rule against the Trump administration’s aggressive trade actions under the International Emergency Economic Powers Act (IEEPA). Several justices voiced doubts over the President’s authority to impose sweeping tariffs without Congressional approval. Dow Jones FAQs The Dow Jones Industrial Average, one of the oldest stock market indices in the world, is compiled of the 30 most traded stocks in the US. The index is price-weighted rather than weighted by capitalization. It.

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Dems win non-federal statewide offices in Georgia for first time in 20 years

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Democrats were projected to score a major victory on Tuesday night by winning a pair of statewide offices in Georgia the first time in 20 years Democrats have won in a non-federal office in that state. The candidates, Alicia Johnson and Peter Hubbard, were elected to seats on the Georgia Public Service Commission, defeating incumbent Republican commissioners Tim Echols and Fitz Johnson. The Georgia Public Service Commission is a body that oversees utilities in the state, including electricity, natural gas, and telecommunications infrastructure. Democrats’ victory comes at a time when energy prices around the country have surged. President Donald Trump campaigned on a platform of abundant energy, but almost immediately after taking office, his administration worked to roll back approval for clean energy projects and create new regulatory hurdles for additional ones. While Georgia has become a battleground state in recent years, voting for former President Joe Biden in 2020 before flipping to Trump in 2024, while in multiple elections choosing Democrats for the Senate, Republicans have, for over a decade, held a monopoly on non-federal state-level offices. The Public Service Commission victory precedes a high-profile midterm election year in which Democrats hope to compete for the governor’s mansion and a number of other row offices. In particular, Geoff Duncan, the former Republican lieutenant governor, defected to the Democratic Party after years of opposition to Trump and has launched a gubernatorial campaign.
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